Does someone other than the debtor get to choose which chapter a bankruptcy case is filed under? Some seem to think so. There’s an ongoing tug of war in the courts between the bankruptcy establishment on one side and debtors and their lawyers on the other about whether a Chapter 13 that pays only the attorneys […]
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Donald Trumpets: I Didn’t File Bankruptcy
As much as it pains me to say, Donald Trump was doubly right about filing bankruptcy. He loudly announced at the debate that he had never filed bankruptcy. And, he’d only taken advantage of our laws in filing. Now, he was contemptuous of his creditors and dismissive about what the filings said about his business judgment. […]